World

Published by Reuters UK LONDON (Reuters) -British supermarket group Asda has recruited former Tesco executive Ken Towle as its new retail director with responsibility for all stores, it said on Wednesday. The UK’s third largest grocer, owned since last February by Mohsin and Zuber Issa and private equity company TDR Capital, has been without a […]

Published by Reuters WASHINGTON (Reuters) – U.S. private payrolls increased more than expected in December, pointing to underlying labor market strength at the end of 2021. Private payrolls surged by 807,000 jobs last month, the ADP National Employment Report showed on Wednesday. Data for November was revised lower to show 505,000 jobs added instead of

Published by Al-Araby A Saudi sovereign wealth fund is close to buying out the current owners of the prestigious Italian football club Inter Milan for $1 billion, according to reports. Saudi Arabia’s Public Investment Fund (PIF), which recently led a consortium in the takeover of English football club Newcastle United, would become a majority shareholder

Published by Al-Araby Posters that featured offensive images of the Saudi royals in a south Beirut suburb, where Hezbollah enjoys strong support, were ordered to be taken down by the Lebanese interior ministry. The posters appeared on the streets of Dahieh, a predominantly Shia Muslim suburb, shortly after the leader of Hezbollah, Hassan Nasrallah, accused

Published by Al-Araby The UAE formally joined the UN Security Council Tuesday, alongside Albania, Brazil, Gabon and Ghana, ready to serve a two-year term. The 15-member council is the UN’s most powerful body, with members able to shape international approaches to peace and security across the world. The UAE ambassador to the UN, Lana Nusseibeh,

Published by Reuters UK By Joseph White and Gilles Guillaume (Reuters) – Amazon.com Inc and Stellantis NV said Wednesday they will collaborate to develop cars and trucks with Amazon software in the dashboards, and deploy electric vans made by Stellantis on Amazon’s delivery network. The agreements expand Amazon’s efforts to get a bigger foothold in

Published by DPA Germany has topped a ranking of European countries when it comes to personal wealth, according to a Swiss study published on Wednesday. The country accounted for 16.4 trillion euros (18.6 trillion dollars), followed by 12.6 trillion in France, and 10 trillion each in Britain and Italy, the Zurich-based Redesigning Financial Services (RSF)

Published by Reuters UK By Hyonhee Shin SEOUL (Reuters) – A former North Korean defector who made a risky and rare cross-border return home last week had struggled in South Korea, officials and media reports said on Tuesday, sparking fresh debate over how such defectors are treated in their new lives. South Korea’s military identified

Published by Reuters By Jessie Pang HONG KONG (Reuters) – A Hong Kong court sentenced a 36-year-old barrister to 15 months in prison on Tuesday for inciting an unauthorised assembly to commemorate those who died in China’s 1989 crackdown on pro-democracy protesters in and around Beijing’s Tiananmen Square. Activist Chow Hang-tung, of the since-closed Hong

Published by Reuters By Luc Cohen and Jonathan Stempel NEW YORK (Reuters) – A woman who has sued Britain’s Prince Andrew for sexual abuse agreed in a 2009 civil settlement with Jeffrey Epstein to restrictions on her ability to sue others, language that could potentially impact whether the lawsuit against the prince goes forward. The